Sounds unethical in deed. The original agent may still have rights to any commission through their listing agreement. However, the new agent should make arrangements with the seller regarding commission, not you.

In most Multiple listing Services, Active O means that the property is under a contract with an Option Period, in which the buyer can walk away without penalty for a specified # of days. During the Option period, Inspections and other due diligence are performed, repairs and other concessions are negotiated.

I don't see anything wrong with having 2 buyer's agents for a large enough area as long as you make it clear to both what their role will be and what territory each will be covering. A written agreement may not be a bad idea.

They can also agree to share the commission of the sale 50/50 no matter who finds the ultimate property.... more

What they're telling you is they don't want to roll the dice with an appraisal because it is likely to appraise for LESS than $71,000. In other words, it's overpriced. Add to that the cost of making repairs, you're looking to get yourself in over you head with this particular house.

Is there any chance the other buyer is buying this as an investment and will let you continue to rent? If not, maybe you're meant for something better.

Often, you'll find the lot rent posted under some other category, such as "condo fee" or "HOA fee." I sold a manufactured home a while back, and there was nowhere to list the lot rent. But most agents (including me) included it under both "HOA fee" and in the "Comments" section.

More information is needed:
-how much downpayment do you have? you may be able to find hard cash money loan, or seller fincing.
-are you or the cosigner buy for you? en later tranfer title to you?
-when do you want to buy? perhaps your credit will improve.

keep loging in and sharing and I will be able to direc you the right way. should you need my email or phone just ask.

The loan contingency should be there right to the end. Never give that up. Your realtor should be protecting you not selling you. You said a 3% deposit but did not say the dollar amount or what is the countrer offer? Is Tthe home worth that much? Will it appraise? Is it worth it to you and has your Realtor ran comps and given them to you?... more

If you didn't sign buyer agreement, then you are probably not under any obligation. What I would like to know is, what are you 100% satisfied with? I can't think of anything I'm 100% satified with, my point being make certain you are letting them go for good reason.... more

What a fun idea! As a starting point, have you had your property appraised recently? Or do you have a good idea of it's current market value? If you have a good idea of the value, then anyone interested in trading would know exactly what they are getting and know if it was a good trade.

Then from there, it depends on if want to involve a real estate agent or do this on your own. If you want to try it alone, you could post ads on Craigslist and probably various for sale by owner sites. If you wanted to employ an agent to help you, then flyers could be sent to all homeowners in Oakmont, posted at their community center, and on the Internet. It sounds like a fun project overall.

I also have a family member who is an experienced real estate agent in Hawaii and he might be able to help with an estimate of value and photos and all that. If you would like some help or more information, feel free to call or email me and I'm happy to help in anyway I can. Thanks for your question and best of luck to you!... more

You need to find out what you are up against regarding the other offers out there. What are sellers looking for? Are others coming in with higher down payments, quicker closing dates, more earnest money, things like this.

You mentioned that you have been outbid on about 4 houses so far. There is not much you can do about that. You can only offer what you have to offer. It may seem to be discouraging but hang in there. You will find the right house that works best for you. Good luck.... more

Hi Santarosa Buyer,
You should also consult with a local Realtor about down payments. Every market is different and just because FHA has 3.5% down loan, does not mean that is something home sellers are accepting. In the North San Diego area we are seeing 20-30 offers on homes in the first 5 days on the market. You will want to know what the marker activity is like in Santa Rosa so that you can structure your offer to get accept by the buyer.

Your brother is right. In this market it is not uncommon for the bank holding the foreclosed property or one involved in a short sale to require the potential buyer to be pre-approved with them. You may still use whom ever YOU choose to do your financing.

The obvious answer is that the banks (the lenders who had the loans that defaulted) are holding on to the properties.
In some cases this may be caused by the banks shortage of personnel trained and capable of manuvering thru the process of selling the property.
Speculation among realtors and mortgage brokers is that the banks are releasing these properties very slowly to keep the sellng prices high and thereby minimize loses. We do see the lower priced REOs (bank owner real estate) being bid up by anxious buyers. There are a lot of potential first time home buyers as well as investors who want to buy houses priced under $300,000. More demand than supply always pressures prices upward.
I have heard recently that several local realtors have received bundles of REO properties from one lender so maybe we will have a flood of good values for this fall and winter market.
Let's hope so.

I sure do hope that this will be passed or atleast that the current $8,000 credit for 1st timers be extended. Would LOVE to see the credit be increased to the $15,000. amount as well as opening it up to ALL buyers. It HAS made a difference in helping the market to rev back up. If we don't get an extension on the current credit or have a new one passed to start when the current one ends I think we WILL see a drop in the number of active buyers ready & willing to write offers.